Trakx Weekly Update: February 19

Weekly Update
• Feb 19, 2024
Trakx Weekly Update: February 19

Key Crypto Market Figures

Trakx Weekly Update: February 19

CTIs Weekly Performance

This week showcased robust gains across various Trakx Crypto Tradable Indices (CTIs), with an overall positive sentiment prevailing in the market. The anticipation of the upcoming Bitcoin halving, scheduled for April 2024, played a pivotal role in driving investor confidence and contributing to the noteworthy performances.

Leading the charge was the AI CTI, posting an impressive 33% gain over the past seven days. This surge underscores the growing interest and confidence in artificial intelligence-related crypto assets. The market's response indicates a bullish outlook, possibly fueled by advancements in AI technologies within the blockchain space.

Diversifier CTI exhibited strong performance as well, recording a notable 15% increase. The positive momentum in this CTI can be attributed to a diverse range of tokens within its composition. Investors seemed to favor this diversified approach, reaping the benefits of a well-balanced portfolio amid market fluctuations.

Following closely, the NFT Metaverse CTI demonstrated a 12% gain. 

On the flip side, the Inflation Hedge CTI showed the most conservative growth, with a modest 1% gain. Despite lagging behind in terms of percentage increase, the performance of this CTI may still be considered stable, reflecting its role as a hedge against inflation. Investors often turn to such assets during uncertain economic times, seeking to protect their portfolios from the eroding effects of inflation.

In summary, the overall performance of Trakx's CTIs this week was marked by substantial gains, driven by positive market sentiment linked to the anticipated Bitcoin halving in April 2024.

Trakx Weekly Update: February 19

Sources: Trakx, Coingecko, Alphavantage

Market Trends

  • ARK invest sells $90M worth of Coinbase stock : Coindesk
  • Worldcoin's WLD token skyrockets 142%, leading crypto market's week of surges: Bitcoin News
  • Bitcoin ETFs dominate 83% of January’s new launches AUM: Cryptobriefing 
  • Bitcoin Futures Open Interest Tops Highest Level Since 2021: Dailycoin

Trakx CTIs Performance

Trakx Weekly Update: February 19

Sources: Coingecko and AlphaVantage

*Return of bitcoin is calculated since 01/05/2020, while CTIs performances were calculated since their respective launch date.
**Includes simulated performance.
***The risk signal is determined according to the historical volatility level, the higher the riskier.

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